Sei Investments Co. Boosts Stake in Concentra Group Holdings Parent, Inc. $CON

Sei Investments Co. boosted its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 51.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,210 shares of the company’s stock after purchasing an additional 58,444 shares during the period. Sei Investments Co. owned about 0.13% of Concentra Group Holdings Parent worth $3,694,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CON. EverSource Wealth Advisors LLC increased its position in Concentra Group Holdings Parent by 124.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock worth $25,000 after buying an additional 663 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Concentra Group Holdings Parent by 2,784.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 1,392 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Concentra Group Holdings Parent by 49.1% in the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after buying an additional 528 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $35,000. Finally, Osaic Holdings Inc. lifted its position in shares of Concentra Group Holdings Parent by 59.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock valued at $42,000 after buying an additional 761 shares in the last quarter.

Insider Buying and Selling

In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $31.84, for a total value of $4,139,200.00. Following the completion of the transaction, the director directly owned 503,455 shares in the company, valued at $16,030,007.20. This represents a 20.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 390,000 shares of company stock valued at $11,354,200. 8.10% of the stock is currently owned by insiders.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock opened at $30.48 on Friday. The stock’s 50-day simple moving average is $29.62 and its 200-day simple moving average is $25.36. Concentra Group Holdings Parent, Inc. has a 52 week low of $18.55 and a 52 week high of $32.86. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.40 and a beta of 0.62. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.62.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.The firm had revenue of $606.03 million during the quarter, compared to analyst estimates of $591.75 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, analysts expect that Concentra Group Holdings Parent, Inc. will post 1.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CON has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on Concentra Group Holdings Parent in a research note on Friday, June 5th. They set a “buy” rating and a $30.00 price objective for the company. William Blair started coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. Truist Financial lifted their price target on shares of Concentra Group Holdings Parent from $31.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.